Renting a car can be a liberating experience, providing you with the flexibility and freedom to move at your own pace. However, one part that can often be confusing is understanding rental car insurance policies. This article will guide you through the different insurance options and what they cover.
Why do I need rental car insurance?
Rental car insurance is essential to protect you from any financial liability in case of an accident or damage to the vehicle. It not only provides you with peace of mind, but in many cases, it is a legal requirement.
Types of Rental Car Insurance
Collision Damage Waiver (CDW)
Also known as “Loss Damage Waiver”, this coverage limits your financial liability for damage to the rental car. This can include accidents, theft, and vandalism.
Theft Protection (TP)
Theft Protection covers the loss of the rental car. In the event the vehicle is stolen and not recovered, this coverage will limit your financial liability.
Supplemental Liability Insurance (SLI)
This is an optional coverage that provides additional protection above and beyond the minimum liability coverage required by law. It covers damages to third parties caused by an accident.
Considerations when choosing rental car insurance
Before deciding on which insurance is best for you, consider factors such as the duration of your rental, the type of car you’re renting, and your own existing insurance coverages. It’s always better to be safe than sorry, so make sure you fully understand all the options available to you.
Renting a car with Fetajo Rent A Car is easy and transparent. We offer several insurance options to meet your needs and are more than happy to help you understand all your options.
